Latham & Watkins has hired the Competition and Markets Authority’s (CMA) director of mergers Jonathan Parker and White & Case Israeli head Joshua Kiernan in a continuation of hires in London.
Vacancies for legal jobs increased by 40 per cent last year, according to a new report. Business intelligence company Vacancysoft analysed 9,900 vacancies recorded at legal employers in 2014-15. It found that Bristol, Birmingham, and Manchester were the busiest cities outside London for legal recruitment. Overall, Bristol had the most vacancies during the course of 2015 – a total […]
Fox Williams has instructed DAC Beachcroft to defend a £5.5m professional negligence claim over its representation of former EY Moscow CFO, Cathal Lyons. Lyons’ claim the firm made crucial errors in its advice over his retirement agreement with EY will be heard in the High Court on 22 February. The claim centres on allegations Fox […]
DWF’s total borrowings have risen by 20 per cent, from £27.1m to £33.1m, according to its 2014/15 LLP accounts. The firm’s total borrowings due within one year increased by £19m to £32m last year largely due to a major increase in its bank loans. During 2013/14 DWF’s bank loans due within one year stood at […]
The Solicitors Regulation Authority (SRA)’s proposed reforms to legal education are “dangerous for the solicitors’ profession and dangerous for those thinking of joining it in the future,” an academic has argued. Professor Anthony Bradney published his views in a paper for the think tank Politeia, entitled Dumbing Down the Law. “Evidence, careful analysis and close […]
Dentons has promoted three to partner in the UK, Middle East and Africa (UKMEA) amid its global promotions round, after turnover in the region increased by 6.4 per cent from £147.6m to £157m in 2014/15. Out of the 47 total lawyers promoted this year, 21 are women. The drop in the number of UKMEA promotions […]
Norton Rose Fulbright paid out £1.373m to its highest earning member last year, up 7.5 per cent on 2013/14, despite a flat year for revenue and profits. The firm’s LLP accounts revealed largely static turnover of £391.7m with operating profits up slightly from £111m to £113.1m. Staff costs also remained flat at £177.23m despite a […]
Ashurst’s net profit dropped nearly 9 per cent over 2014/15 to £186.6m, according to the firm’s LLP accounts. The accounts, filed at Companies House, showed that net profit stood at £186.6m in the last financial year, compared to £204.8m after 2013/14. Ashurst’s global turnover also dropped 4 per cent when reported in sterling, from £585.4m […]
Bupa has appointed a new chief legal officer following the retirement of Paul Newton after 29 years at the company.
Akin Gump Strauss Hauer & Feld’s London office saw its revenue more than double in 2015 in its first full financial year since its merger with Bingham McCutchen. The firm’s City revenue jumped 154 per cent from $35.8m to $91.05m (£63.05m), after a deal was announced between Akin Gump and Bingham McCutchen in September 2014. […]
Cadwalader Wickersham & Taft’s London office saw its revenue rise 6 per cent over 2015, while the firm’s global revenue dropped by nearly 4 per cent. Total revenue at Cadwalader fell 3.7 per cent over the year from $481.5m to $463.5m (£320.6m), with average profit per equity partner (PEP) decreasing even further by 6.8 per […]
Clifford Chance Sydney managing partner Mark Pistilli is to exit the firm alongside co-founding partner Danny Simmons. Pistilli and Simmons co-founded Chang Pistilli & Simmons, which was one of two boutique Australian commercial firms to merge with Clifford Chance in 2011. It is understood Diana Chang will replace Pistilli as head. The top-level changes are […]